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Question Practice

Why do banks pay lower interest rates on savings deposits?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA

Exploring Society India and Be...

Banks and the Magic of Finance

Why do banks pay lower interes...

Single Answer MCQ

Q-00131379

Why do banks pay lower interest rates on savings deposits?

1

To encourage borrowing

2

To reduce costs

3

To attract more customers

4

To have more cash on hand

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